Bitcoin is down 36% from its recent peak, and the “bear market” label is already circulating across crypto X.
Veteran trader Peter Brandt has forecasted that Bitcoin (BTC) could decline toward the $58,000–$62,000 zone, implying a 33–37% correction from current price levels of around $92,400. His prediction comes as Bitcoin continues to display multiple bearish signals, with other analysts also flagging the risk of further downside.
January 20, 2026, 4:22 amAccording to market reports, US President Donald Trump announced a punitive tariff plan aimed at several European allies. The move sent a clear warning to traders and policy makers alike. Stocks and crypto fell as investors shifted to assets they see as safer. Gold climbed, and some currencies strengthened as a reaction to the risk.
January 20, 2026, 4:00 am
On-chain data shows the Bitcoin Hashrate has continued to decline, with its 7-day average value hitting lows not seen since early September. Bitcoin Hashrate Has Been Sliding Down The Bitcoin “Hashrate” refers to a measure of the total amount of computing power that the miners as a whole have connected to the network.
Bitcoin price started a fresh decline below $94,000. BTC is consolidating losses and remains at risk of more losses if it dips below $91,500. Bitcoin started a sharp decline below $94,000 and $93,000. The price is trading below $93,000 and the 100 hourly Simple moving average.
Mounting global bond stress and soaring precious metals signal a weakening dollar and looming stagflation, while bitcoin faces a sharp reckoning as its digital gold narrative falters, economist Peter Schiff warned.
The reactivation of dormant Bitcoin whales can lead to market volatility, influencing investor sentiment and potential price fluctuations.
Bitcoin could face a deep, prolonged slide toward $10,000 if it fails to hold above $100,000, signaling a potential late-cycle peak and broader risk-asset reversal, according to Bloomberg Intelligence strategist Mike McGlone.
Venture capitalist Tim Draper is back with another bold bitcoin call, declaring in an X post after his interview with the Divot podcast and host Derek Andersen that the leading digital asset will hit “$250,000 in six months.” The billionaire doubled down, arguing bitcoin versus the greenback is a “really good bet” and saying it’s…
Major macro events this week make it a crucial timestamp for BTC.
Expect crypto volatility over the next few days on Trump tariff headlines, one Kraken executive warned.
Bitcoin and the altcoins have plummeted during the past day, leading to the liquidation of a large amount of crypto longs in derivatives markets. Crypto Sector Has Seen A Notable Amount Of Liquidations In The Last Day According to data from CoinGlass, the past day’s volatility in the crypto market has been accompanied by a swath of liquidations.
$91,524.00 -1.15%
$1.83T Market Cap
$35.48B Total Volume (1.94%)
$126,080 All Time High -27.41%
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